Subsea
Oceanteam Brings in Interim CFO
Oceanteam said it has appointed Wilhelm Bøhn as the company’s interim chief financial officer. Bøhn (48) will head the company’s financial department and in particular lead the current financial restructuring process. Bøhn, who holds an MBA from Columbia University and a BA from the Johns Hopkins Un
IKM Completes Zeepipe IIA Retrofit Hot Tap Tee Project
IKM has completed and delivered Zeepipe IIA retrofit hot tap tee (RHTT) to Statoil. The final inspection with Statoil took place last Friday, and the delivery was signed and approved by the Norwegian oil and gas giant two weeks ahead of schedule. IKM Ocean Design announced the engineering, procureme
Oceanteam Looks for Restructuring Options
Norwegian-Dutch offshore service provider Oceanteam said it is in the process of developing a restructuring plan in order to support the value preservation and financial flexibility while also enabling value creation for its stakeholders. Oceanteam has started talks with its stakeholders to shape it
DNV GL and EPCRC in JIP on CO2 Pipelines
The Norwegian CLIMIT Programme and Australian Department of Industry, Innovation and Science have awarded DNV GL and Energy Pipelines CRC (EPCRC) just over NOK 40 million for a test programme for CO2 pipelines involving large scale testing at DNV GL’s Spadeadam test site in the UK. Pipelines are the
N-Sea and BODAC Team Up for UXO Services
Subsea IMR provider, N-Sea, and BODAC UXO have agreed to jointly market and execute marine UXO survey, identification and removal projects across Belgium, the Netherlands, Germany and Scandinavia. In doing so, the two companies believe they will have the capability to offer developers, contractors a
ACE Winches Presents New Linear Winch at OEEC 2016
ACE Winches will reveal its new 500te Linear Winch at this year’s Offshore Energy Exhibition & Conference in Amsterdam. The new 500te Linear Winch has been designed, engineered and manufactured at ACE Winches facilities in Aberdeenshire, UK. The new product is now in its final stages of FAT testing,
ECA, Vestdavit Cooperate on New Launch and Recovery Systems
ECA and Vestdavit have signed a cooperation agreement to develop new launch and recovery systems for unmanned maritime systems (UMS). As part of the agreement ECA will bring its knowledge in operating unmanned underwater and surface vehicles, in particular the launch and recovery of autonomous under
TE SubCom Begins MAREA Subsea Cable Manufacture
TE SubCom, a TE Connectivity company, has been named the system supply partner for the new MAREA submarine cable across the Atlantic Ocean. TE SubCom has completed the route survey and began manufacture of the system at its facility in Newington, New Hampshire. The parties are on track to begin layi
Lyell Research Centre Opens at Heriot-Watt University
A global research centre for earth and marine science and technology based at Heriot-Watt University has been opened by the deputy first minister John Swinney. The Lyell Centre will ensure that future generations of researchers are equipped to meet science and technology challenges. John Swinney, sa
IHC Wins Culzean FSO Equipment Order
Royal IHC has signed a new contract for the engineering, procurement and construction of a tandem mooring and offloading system for an FSO vessel (floating, storage and offloading). The offloading system will be placed on the FSO vessel on behalf of Sembcorp Integrated Yard in Singapore. The vessel
Western Link Engineers Discover Sunken German U-Boat Off UK
Marine engineers working on the Western Link project, a subsea power cable between Scotland and England, have found the wreck of a German U-boat while surveying the seabed off the coast of Wigtownshire. After capturing sonar images of the 100-year-old vessel, attempts to identify the wreck have led
Fugro Sees Quarterly Sales Drop by Over 20 Percent
Fugro has recorded third-quarter 2016 revenue drop of some 22 percent, compared to the same time last year. The revenue drop was mostly caused by the downturn in the oil and gas services market, leaving the Dutch subsea and survey specialist with revenue of €474 million (approximately $521 million),
Impact Subsea, Unique Group Introduce Flooded Member Detection System
Impact Subsea, in collaboration with Unique Group, has launched underwater Flooded Member Detection (FMD) system. When used by divers or remotely operated vehicles (ROVs) the ISFMD system monitors and records water level, depth of reading, position of the sensor probe and temperature of water. A sof
Technip Umbilicals Enters Redundancy Talks with Newcastle Staff
Technip’s wholly-owned subsidiary, Technip Umbilicals, has repotedly entered into a period of collective consultation with its workforce over proposed redundancies for its Newcastle-based manufacturing facility. The company, which employs some 500 workers at its Tyneside site, is said to be planning